DEVELOPER ’ S COMMENT The fully let 50,000m 2 Vaal Mall dominant regional shopping centre opened on Freedom Day , Thursday 27 April 2006 .
This enclosed air conditioned mall , located on the corner of Barrage Road and Rossini Boulevard in Vanderbijlpark , represents an investment of ± R410m for co-owners Sycom Property Fund ( 51 %), Changing Tides 91 ( 14,5 %), Kagiso Intapro ( 14,5 %) and Igwa Investments ( 20 %). BEE ownership totals 35 %, distinguishing Vaal Mall as a truly empowered development .
“ Vaal Mall is a world-class shopping mall for the community of Emfuleni and a landmark from which the entire community can benefit and be proud of ,” says Gerald Nelson , MD of Sycom Property Fund .
Vaal Mall is anchored by Woolworths , Game , Pick n Pay , Edcon ( including Edgars , Boardmans , CNA , Jet ), Ackermans , the Mr Price Group ( Week End Material , Home , Miladys , Sheet Street ), Foschini and Truworths and tenanted by a full range of fashion , clothing , footwear , sportswear , sports equipment , gifts , furnishings , home décor , personal hygiene , health care , cultural and service stores .
The tenant mix comprises 80 % national retailers with the remainder consisting of local traders . Over 99 % of the 135 stores in Vaal Mall opened on its first day of trading .
Construction of Vaal Mall began in October 2004 and , with its strong empowerment ethos , created hundreds of jobs for members of the local community while providing unique opportunities for local contractors , entrepreneurs and suppliers .
The Vaal Mall development consortium comprises Flanagan & Gerard Property Development and Investment ( 45 %), Kagiso Property Holdings ( 45 %) and Urban Land Marketing ( 10 %).
“ It is incredibly rewarding to bring this project to a successful completion and to give the community a much needed resource which will be instrumental in retaining as much as R300m in spend that Vaal Triangle consumers are currently directing to other areas ,” said Peter Gerard of Flanagan & Gerard .
Vaal Mall will be supported by shoppers from Vanderbijlpark , Sasolburg and Vereeniging with a trade area extending to Parys , Roshnee , Sharpeville , Boipatong , Evaton , Sebokeng , Bopalong , Heidelberg , Kroonstad , Meyerton , Viljoensdrift and rural areas within a 30 minute drive of the mall .
158 Vaal Mall